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The automotive crash impact simulator (ACIS) market size is estimated to grow at a CAGR of 10.79% between 2022 and 2027. The market size is forecast to increase by USD 617.25 million. The growth of the market depends on several factors such as the need for crash and safety testing, varying safety standards across geographies inducing the need for region-specific crash tests, and the evolution of smarter virtual crash test dummies.
This automotive crash impact simulator market report extensively covers market segmentation by product type (internal combustion engine (ICE) vehicle, electric vehicle (EV), and autonomous vehicles), deployment (on-premises and saas-based), and Geography (Europe, North America, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the market growth is the evolution of smarter virtual crash test dummies. The main component of a physical crash test is the crash test dummies which are made with hi-tech sensors and monitors, such as accelerometers, force sensors, and strain gauges. Additionally, they have been widely used as frontline soldiers in a quest to enhance the safety of vehicles.
However, there are certain limitations associated with crash test dummies such that they can only offer vital information on about 20 points on the body. Thus, there is an increasing focus on the development of virtual crash test dummies that are much more efficient both in terms of cost as well as the accuracy of the information they provide. It offers an accurate study of the performance of seatbelts, airbags, and other passive safety equipment during a collision which is expected to are positively impacting the automotive crash impact simulator (ACIS) market growth. Therefore, it is expected to drive market growth during the forecast period.
A key factor shaping the crash impact simulator market growth is the developments in automotive crash technology. Earlier vehicle crash test was a simple model which mainly comprises less than 1000 elements of basic components, such as bumpers. The advancements in several technologies in computing resources have led to the development of full vehicle crash tests, through simulation including millions of elements, which can be completed in a few days.
Additionally, there have been significant developments in automotive crash impact simulators over the years. For instance, in July 2022, Altair Engineering Inc. (Altair), partnered with LG Electronics (LG) to accelerate the digital transformation of product development. With this partnership, there is an increasing focus on R&D and the construction of a simulation platform. Hence, such factors are positively impacting the automotive crash impact simulator (ACIS) market growth. Therefore, it is expected to drive market growth during the forecast period.
Increasing passive safety requirements and the use of new materials for manufacturing is one of the key challenges hindering the crash impact simulator market growth. One of the main aspects of computer-aided engineering (CAE) analysis for car design is crashworthiness simulation. There has been an increase in standards for requirements for passive safety in cars over the years which has fuelled high accuracy in simulations.
Additionally, there is an increasing demand for fuel efficiency and reduction in CO2 emission levels as well as weight reduction in vehicles. Hence, automakers are adopting new materials to reduce the weight of the vehicle but the simulation design rules and numerical tools need to evolve to comprehend the characteristics of these new materials being used in order to deliver accurate information. Hence, such factors can negatively impact the automotive crash impact simulator (ACIS) market growth. Therefore, it is expected to hinder market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Automotive Crash Impact Simulator Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Altair Engineering Inc: The company offers automotive crash impact simulators such as Altair Radioss which features material and rupture libraries, innovative element formulations, vehicle occupant safety, airbag deployment, and high workload throughput.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The internal combustion engine (ICE) vehicle segment is estimated to witness significant growth during the forecast period. There have been significant technological developments in the internal combustion engine (ICE) vehicle segment. Factors such as emission regulations, fuel efficiency standards, safety standards, and the pressure to decrease production costs. are mainly fuelling the technological developments in this segment. One of the main segments which dominate the ICE vehicle in the automotive vehicles industry is the ICE vehicle segment.
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The internal combustion engine (ICE) vehicle segment was the largest segment and was valued at USD 251.13 million in 2017. The main factor for the domination of the market share ICE vehicle segment is the rising disposable income of individuals belonging to the middle class. For instance, according to the data provided by the Organisation Internationale des Constructeurs d'Automobiles (OICA), the total number of ICE passenger cars produced globally in 2022 was 61,598,650. The main region which is a significant contributor to global passenger car sales and production is the APAC region with leading car production in countries such as India, China, and Indonesia. Hence the rise in car production and sales is expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
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Europe is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Some of the main regions which are significantly contributing to the growth of the automotive crash impact simulator market in Europe include the European Union (EU) countries and the UK.
Additionally, the presence of prominent automakers such as Volkswagenwerk GmbH (Volkswagenwerk), Mercedes-Benz Group AG (Mercedes-Benz), Bayerische Motoren Werke AG (BMW) is also fuelling the market growth in the region. Furthermore, there are stringent norms for safety ratings which increases the need for efficient crash testing of vehicles in Europe. There is an increasing demand for sport utility vehicles (SUVs) among European consumers. Therefore, the increasing adoption of vehicles along with increasing focus on safety features by consumers in Europe is expected to drive the global automotive crash impact simulator market in the region during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global automotive crash impact simulator market witnessed a significant slowdown due to the temporary closure of manufacturing facilities by prominent automakers as well as a halt in new investments in Europe. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the restoration of operations in manufacturing facilities. Such factors are expected to drive the market during the forecast period.
The automotive crash impact simulator market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Automotive Crash Impact Simulator Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.79% |
Market growth 2023-2027 |
USD 617.25 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
9.52 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 34% |
Key countries |
US, China, Japan, Germany, and the UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Altair Engineering Inc., ANSYS Inc., AV Simulation, Cruden, Dassault Systemes SE, DVExperts International Pty Ltd., Encocam Ltd., Enteknograte, Equilibrium Solutions Pvt. Ltd, ESI Group SA, Hexagon AB, Humanetics Innovative Solutions Inc., Illinois Tool Works Inc., Siemens AG, SimDes, TECOSIM Group GmbH, TransDigm Group Inc., TUV SUD AG, VI grade GmbH, and Virtual CRASH LLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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